How will the network of electric charging stations grow in Russia
30.10.2024
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This includes 2,555 fast chargers (with a capacity of 50 kW or more) and 4,855 slow chargers (up to 50 kW).
The number of electric vehicles is also growing. By the end of the first half of 2024, Russia had 90,000 electric and plug-in hybrid vehicles (56.2% of them being fully electric, with the remainder hybrids), according to Avtostat data. Electric vehicles account for about 0.2% of the country's total passenger car fleet.
According to the Concept for the Development of Electric Vehicle Production and Use in Russia, approved in 2021, the country aims to have over 72,000 EVCSs (including at least 28,000 fast chargers) and 1.4 million electric vehicles (approximately 3% of the total vehicle fleet) by 2030.
A Growing Trend
The growth of electric transport is one of the key trends in the automotive industry in recent years, notes Alexander Lebedev, a senior consultant at B1. He highlights several advantages of electric vehicles over internal combustion engine cars, including fuel cost savings, subsidies, and free parking. With such benefits, electric vehicle sales have significant potential, he says. Moreover, the availability of EVCSs in Russia is already "quite high": there are 9.5 electric vehicles per station, compared to the expert-recommended global minimum of 10.
However, by 2030, this situation might change. If the forecasts outlined in the development concept materialize, over 15 electric vehicles will rely on a single station, which is less than optimal. This accessibility issue remains a key factor limiting demand for electric vehicles, Lebedev acknowledges. At the same time, he suggests that 72,000 EVCSs may not be enough for Russia in the long term.
Key Players
The EVCS market is expanding rapidly, with major players including Rosseti, Mosenergosbyt, RusHydro, Energia Moskvy, and Punkt E. RusHydro is advancing its infrastructure the fastest.
By September 2024, RusHydro’s network of fast charging stations had grown to 319 in 44 regions, with most located in Primorsky Krai (75), Amur Region (19), and Omsk Region (17). RusHydro’s major project, the "New Silk Road," installed EVCSs along the Vladivostok–Moscow route, enabling intercity electric travel.
RusHydro is collaborating with other companies to expand its network. At the Eastern Economic Forum (EEF-2024) in September, it extended its partnership with Rosneft to install about 20 fast EVCSs annually at Rosneft gas stations. Currently, 12 fast chargers are operational at these stations. Additionally, the companies plan to develop multifunctional charging complexes along the M-11 "Neva" highway between Moscow and St. Petersburg.
Rosneft also signed an agreement with Rosseti to establish fast chargers at its gas stations across Russian regions. As of late 2023, Rosneft had installed 78 EVCSs, including 68 fast chargers, with the total rising to 80 by September 2024. Most stations can charge a battery to 80% in just 20 minutes.
Gazprom Neft is also focusing on EVCS development. As of September 2024, it operated 65 EVCSs at its gas stations and partner locations, with plans to increase the number to 140 by 2025, mainly in Moscow, St. Petersburg, and surrounding regions.
Costs and Challenges
The cost of building an EVCS depends on its type. Slow chargers cost several hundred thousand rubles, fast chargers 1.5–3 million rubles, and ultra-fast chargers (150 kW+) 3.5–4 million rubles, according to Roman Tinyayev from Strategy Partners. Construction and grid connection costs can vary significantly, ranging from several hundred thousand to millions of rubles depending on the location.
Investments in fast chargers average 5–6 million rubles per unit but can drop to 2.5–3 million rubles with subsidies, according to Lebedev. The average payback period for an EVCS is about 2 years and 4 months.
A Long-Term Strategy
For oil companies, EVCSs offer an opportunity to attract electric vehicle owners to gas stations, increase non-fuel revenues, and build brand loyalty, Tinyayev notes. While the EVCS business is capital-intensive, it holds long-term potential as demand grows. Revenues from EVCSs are currently modest compared to gas stations but could increase over time as electric vehicle adoption rises.
By 2030, national EVCS revenue could exceed 90 billion rubles, compared to 2 billion rubles in 2023, according to Sergey Tereshkin from Open Oil Market. Additional services, such as cafes and shops at EVCS locations, could further enhance profitability, leveraging the existing infrastructure of gas stations.
Translated using ChatGPT.
Source: https://www.vedomosti.ru/analytics/trends/articles/2024/10/29/1071782-kak-budet-rasti-set-elektrozap.
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